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S. That he will permit. commit. or safter no waste. impairment. or deterioretioe of said propetty or a~y pad
thereof; and in the event ot the fallure of the mo~tgagor to keep the buildiogs on said pcemises and those tobe
erected on said premises, or improvements thenqon~~~~te~ir"j ~~y~modgagee may make such repairs as io ils .
discrction it awy deem necessary for the proper p e ation t teid.`a~d the ful! amouot of each a~d every such
payment shall be immediately due a~d peyable. and shall be secured by the lien of this mo~tgage.
6. That he will pay all and singuler the ccsts. charges~ and expenses, including ceasonable lawyer's tees.
and costs of ebstracts of title. incurced or paid at eny time by the matgagee because of the feilure on the pert of
the mortgagar p~omptly and fully to perfam the agreements ar~d covenenis of said'promissory note and this mort-
gage. and said costs. charges. and expenses shall be immedietely due and peyable and shaU be secured by the
lien of this mortgage.
7. That he will keep the improvements now existing oc herea[ter erected on the moitgaged pcopedy. insured as
may be requiced from time to time by the mortgegee against loss by fire and other l~azards, casualties. and contin-
gencies in such amou~ts and for such periods~as may be required by moctgagee. end will pay promptly, when due,
a~y premiua~ on such insurance for payment of which provision has not been made hereirtbefoce. All i~surance
shall be carcied in companies approved by mortgagee and the policies and renewals thereof shall be held by moct-
gagee and have attached thereto loss payable clauses in favo~ of and in form acceptable to the modgagee. in
eve~t of loss he will give immediate notice by mail to matgragee, and mortgagee may make proof of loss if not
made promptly by mortgagor. and each iasucance company concemed is hereby authocized and directed to make
payment for such loss directly to mortgagee instead of to matgago~ and mortgagee jointly. and the insurance pro-
ceeds. or any part thereof. may be applied by mo?tgagee at its option either to the reduction of the indebtedness
hereby secured or to the cestoration ~ repair of the propedy damaged. In event of foceclosure of this nwdgage or
~ other transfer of title to the mortgaged property i~ extinguishment of the indebtedaess secured hereby. all right.
title. and interest of the mortgaga in and to any insurance policies thee in face shall pess to tbe purchaser o~
grantee. .
8. That the mo~tgagee may, at any time pending a suit upon this mortgege. apply to the court heving jurisdic-
tion'thereof for the appointmeat of a receiver. and such coud shall forthwith appoint a ceceiver of the premises
coveced heceby all and singular, iacluding ell and singular the iecome. profits. issues, and revenues from whatever
source derived. each and ever~r of which, it being expressly understood. is hereby mortgaged as if specifically set
fodh and described in the granting and habendum clauses hereof. and such ceceiver shall have all the broed and
effective functions and powers in anywise entr~~ ~x a Gputt ,tQ r eiver. and such appoiatment shall be made
by such court as an admitted equity and a matter of 8bsolube ~i~lit'tq~~id mortgagee, a~d without ceference to the
adequacy or inadequacy of the value of the property mortgaged or to the solvency a insolvency of said moctgagor
or the defendents, and that such rents. prafits~ income. issues`; a'na ievenues shall be epplied by such receiver
according to the lien of this modgage a~ the ~actice of such court. • ln the event of any default on the pad of the
modgagor hereunder. the mortgaga agrees to pay to ~the mortgagee pn demand as a reasonable moathly rental for
the premises an amount at least eqpivalent to one-twelfth (1/12) of the aggregate of the twelve monthly install-
ments payable in the then current year plus the actual a~p~ ,of, t aanual taxes, assessments. water rates, and
insurance premiums for such year not covered by th~ afo~`said mont~y payments.'
9. That (a) in the event of any breach of this mortgage or default on the part of the modgagor, or (6) in the
event that any of said sums of money herein referced to be not promptly and fu11y peid aithout demand or notice,
or in the event that each and every the st'ipulations. agreements, conditions, and covenants of said note and
this mortgage, are not duly. promptly, and fully pecformed; then in either or aay such event. the said aggregate
sum mentioned in said note then remaining unpaid, witfi interest accraed to that time. and all moaeys secured
hereby, shall become due and peyable forthwith. a thereafter. at the option af said mortgegee, as Eully and com-
pletely as if all oE the said sums of money were originally stipulated to be paid on such day, aaything in said
' aote or ia t6is modgage to the contrary notWithstandiag; and thereupon oc thereafter, at the optioa of said matga-
gee. without notice or demand, suit at lew or in equity, may be pcosecuted as if all moneys secuced hereby had
matured prioc to its institution. The modgagee may foreclose this mortgege. as to the anwunt so decleced due and
E payable, aad the said premises shall be sold to satisfy and pay the same together With costs, expenses.acid allo~v-
~ ances. Ln case of partial foreclosure of this moctgage~ the mortgaged premises shall be sold subject to the con-
tinuing lien of this mortgage for the amount of the debt not then due aad unpaid. In such case the provisions of
this p~ragraph may agaia be availed of thereafter from time to time by the mortgagee.
~ 10. That the modgaga will give immediate notice by mail to the mortgagee of any conveyance. transfer; a
change of ownership of the, premises.
11. That no waiver of any covenant herein or of t6e obligation secured hereby shall at any time thereafter be
held to be a waiver of the terms hereof or of the note secured heceby.~
12. That if the mortgagoc default in any of the cove~ants or agreements contained herein. a in said note, then
the mortgagee may pedocm the samg, and all expenditu~es (including reasonable attorney's fees) made by the
mortgagee in so doing shall draw interest at the rate set fath in the note secared hereby, and shall be repayable
immediately and without demand by the mortgagor to the modgagee, and. together aith interest and costs accruing
thereon, shall be secured by this modgage.
- 13. that the mailing of a written notice o~ demandaddressed to the owner of record of the mortgaged premises,
or directed to the said o~vner at the last address actually farnished to the mortgagee. or directed to said owner at
said modgaged pcemises, and owiled by the United States mails, shall be sufficient notice and demand in any
case arising under this instrumeat and requiced by the provisions hered oc by law.
14. The modgagor furthec coveaants tliat sharld this matgage and the aote aecured hereby not be eligible
for insurance under the Natioaal Housing Act within from the date hereof (written stetement
~ of any officer of the Depertment of Housing and Urba ve opment oc authaised agent of t6e Secretary oE Hous-
ing and Urban Developa~ent dated subsequent to~ the time from the date of this mortgage.
declining to insure said nde and this mortgage, being dee~oa-clSisive proof af such iaeligibility), the mortga-
gee or the holder d the note may, at its option, declare all sums secured hereby immediately due aad payable.
The covenaats herein contained shall bind, and the beoefita and advantages shall inare to, the respective
heirs, executors, administrators, successocs. and assigns d the parties hereto. Whenever used. the singular num-
ber shall include the plural, the plural the singnlar~ end the use of any gender shall include all genders.
~ ~ ao~ 188 ~ ~7~.'~
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